Lending Disclosures

1. Licensing

Grand Funding LLC is a direct private lender regulated under state mortgage licensing laws.

Item	Value
Legal Entity	Grand Funding LLC
NMLS ID	2466872
Arizona Mortgage Loan Originator	License #1048901
Responsible Mortgage Loan Originator	Logan Sullivan, NMLS #2466872
Regulator (AZ)	Arizona Department of Insurance and Financial Institutions
Regulator (CA)	California Department of Financial Protection and Innovation
Verify at	nmlsconsumeraccess.org

2. Loan Types We Offer

Grand Funding originates business-purpose, commercial, and investment-property real estate loans secured by property located in Arizona or California. We do not originate loans secured by owner-occupied primary residences and do not offer consumer-purpose mortgage products.

Loan products available:

• Fix-and-flip loans (purchase + rehab)
• Bridge loans (short-term acquisition and transition financing)
• Construction loans (ground-up and major renovation)
• Second position loans (junior liens behind an existing first mortgage)
• Cash-out refinance on investment properties
• Land loans
• General investment property loans

3. Loan Product Terms and Ranges

The table below reflects typical product ranges. Final terms offered depend on property condition, location, borrower experience, exit strategy, and current market conditions. Terms are subject to change without notice.

Product	Loan Size	Max LTV / ARV	Term	Rate Range*	Points*
Fix & Flip	$70K–$5M	Up to 90% ARV	6–12 months	9.99%–13.99%	1.5–4.0
Bridge	$70K–$5M	Up to 75% LTV	6–24 months	9.99%–12.99%	1.5–3.5
Construction	$100K–$5M	Up to 80% LTC	12–24 months	10.49%–13.99%	2.0–4.0
Second Position	$70K–$1M	Up to 75% CLTV	6–24 months	10.99%–13.99%	2.0–4.5
Cash-Out Refi (Investment)	$70K–$5M	Up to 75% LTV	6–36 months	9.99%–12.99%	1.5–3.5
Land	$70K–$5M	Up to 65% LTV	6–24 months	10.99%–14.49%	2.0–4.5

*Rate and point ranges are illustrative only and are not an offer. Actual pricing is determined at time of application based on deal quality, borrower profile, and market conditions. Rates are typically interest-only with a balloon at maturity.

4. Typical Fees and Closing Costs

In addition to interest and origination points, borrowers should budget for the following closing items. Exact amounts are disclosed on each loan's term sheet and final closing statement.

• Origination points: 1.5–4.5 points (one point = 1% of loan amount)
• Processing / underwriting fee: $495–$1,495
• Appraisal or BPO: $450–$1,200 depending on property type and scope
• Title insurance and escrow: market rates set by title provider
• Recording fees: per county schedule
• Inspection fees (construction draws): $150–$350 per inspection
• Legal / document prep: $350–$1,000
• Wire and courier fees: at cost

No prepayment penalty on most loan products. Some specialty or extended-term products may include a minimum interest period; prepayment terms are always disclosed on the term sheet before closing.

5. Asset-Based Underwriting Notice

6. Business, Commercial, and Investment Purpose

All Grand Funding loans are originated for business, commercial, or investment purpose — typically for the acquisition, renovation, construction, or refinance of real estate intended for sale, rent, or other business use. Grand Funding loans are not consumer-purpose loans subject to the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), or similar consumer-lending statutes applicable to owner-occupied primary residences.

By applying, you represent that any loan you obtain will be used exclusively for business, commercial, or investment purposes and that the subject property is not and will not be your primary residence.

7. Equal Credit Opportunity

Grand Funding complies with the Equal Credit Opportunity Act (ECOA) and Regulation B. We do not discriminate against any applicant on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

The federal agency that administers compliance with this law is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20552.

8. Fair Housing

Grand Funding supports the Fair Housing Act and does not discriminate on the basis of race, color, religion, sex, disability, familial status, or national origin in the sale, rental, or financing of housing.

9. Arizona-Specific Disclosures

Regulator

Arizona mortgage originators are regulated by the Arizona Department of Insurance and Financial Institutions (AZDIFI), 100 N. 15th Ave. Suite 261, Phoenix AZ 85007; phone (602) 771-2800; difi.az.gov.

License Verification

Verify Grand Funding's active Arizona MLO license (#1048901) and responsible individual (Logan Sullivan, NMLS #2466872) via NMLS Consumer Access.

Arizona Business-Purpose Loans

Loans Grand Funding originates in Arizona are business-purpose loans secured by non-owner-occupied investment real estate. Loan documents are governed by Arizona law and typically include a deed of trust, promissory note, and business-purpose certification.

10. California-Specific Disclosures

Regulator

California private real estate lending activity is regulated primarily by the California Department of Financial Protection and Innovation (DFPI), 2101 Arena Blvd., Sacramento CA 95834; phone (866) 275-2677; dfpi.ca.gov. Consumer complaints against licensed lenders may be filed through DFPI's online portal.

California Business-Purpose Loans

Loans originated on California property are business-purpose or commercial loans secured by non-owner-occupied real estate, typically funded under applicable California Finance Lenders Law or private lender exemptions for qualified transactions. Each California loan is documented with a deed of trust, promissory note, and a business-purpose / non-owner-occupied certification signed at closing.

California Privacy Rights

California residents have specific rights regarding personal information under the CCPA/CPRA. See our Privacy Policy — California Privacy Rights section for details and instructions to submit requests.

California Foreign Language Translation

If this loan was negotiated primarily in Spanish, Chinese, Tagalog, Vietnamese, or Korean, Grand Funding will provide the final translated summary of the loan terms as required by California Civil Code § 1632 prior to execution of loan documents, where applicable.

11. Representative APR and Payment Examples

The following illustrative examples are for general information only and are not an offer. Actual rate, APR, and payment depend on final underwriting.

APR examples assume standard closing costs of approximately 1% of the loan amount in addition to origination. Your specific APR will be disclosed on your loan term sheet.

12. Not a Commitment to Lend

Nothing on this website, in advertising material, or in informal communication constitutes an offer, commitment, or promise to lend. All loans are subject to property appraisal, title clearance, underwriting review, final approval, and execution of loan documents. Terms offered to any specific borrower depend on specific deal circumstances and may differ from ranges shown on this page.

13. Contact and Regulator Information